Reuters Asia Business

SINGAPORE (Reuters) -China’s Rongsheng Petrochemical, a major independent refiner, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy, trade sources said. Rongsheng, China’s largest independent refiner with capacity of 40 million metric tons a year, or 800,000 barrels a day, has become a regular …

China’s Rongsheng Petchem opens Canada office, buys crude from Suncor Read More »

By Summer Zhen HONG KONG (Reuters) -Big swings in stock markets and hedge fund activity have propelled Hong Kong’s derivative trading to unprecedented highs. The number of outstanding futures and options contracts on the city’s bourse has reached 22 million so far this year, surpassing the record set in 2024 by 70% in less than …

Hong Kong derivatives trading surges to record on turbulent markets, hedge fund interest Read More »

BANGKOK (Reuters) -Thailand is aiming to reduce its trade surplus with the United States to $20 billion by importing more U.S. products, an industry ministry official said on Friday. The United States was Thailand’s largest export market last year, accounting for 18.3% of total shipments, or $54.96 billion. Passakorn Chairat, head of industry ministry’s industrial …

Thailand targets reduction in US trade surplus to $20 billion Read More »

HANOI (Reuters) -U.S. President Donald Trump’s looming global tariffs could hit virtually all of Vietnam’s goods exports to its top market, worth more than $142 billion last year, or about 30% of the Southeast Asian nation’s GDP. Vietnam benefited from the trade war Trump launched against China in his first term, but Vietnamese officials and …

Factbox-What is Vietnam doing ahead of US tariffs? Read More »

By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers were at loggerheads this month over how soon they should raise interest rates again as some focused on domestic inflationary pressure and others on uncertainty over U.S. tariff policy, a summary of opinions at its meeting showed. The discussion highlights how U.S. President Donald Trump’s tariff …

BOJ board at loggerheads over inflation, US tariff risks, March summary shows Read More »

(Reuters) -Nippon Steel and U.S. Steel are in active talks about a deal that would preserve their $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt facilities, Semafor reported on Thursday. In recent meetings with White House officials, Nippon has offered to increase the $2.7 billion it had …

Nippon, U.S. Steel offer increased investment to Trump officials to close deal, Semafor reports Read More »

By Francesco Guarascio HANOI (Reuters) – The Trump Organization and its partner in Vietnam are working on multiple investments worth billions of dollars in golf courses, hotels and real estate projects in the Southeast Asian country, a spokesman for the consortium told Reuters. The plans by the family business of U.S. President Donald Trump are …

Trump Organization eyes multi-billion-dollar projects in Vietnam amid tariff risks Read More »

BEIJING (Reuters) – China-based Ninestar Corp plans to sell printer and printing software maker Lexmark International II to Xerox in a deal with an equity value of up to $150 million. Ninestar said in an exchange filing on Wednesday that it has estimated the transaction price, using the equity value, to range from $75 million …

Ninestar says sale of Lexmark worth up to $150 million in equity value Read More »